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Splunk Inc Bearish Moving Average Crossover Alert (SPLK)

By Shiri Gupta

Splunk Inc (NASDAQ:SPLK) shares have crossed bearishly below their 10-day moving average of $103.91 on a volume of 317K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Splunk Inc has traded in a range of $57.42 to $121.64 and is now at $103.54, 80% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.4%.

SmarTrend is monitoring the recent change of momentum in Splunk Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Splunk Inc in search of a potential trend change.

Keywords: moving crosses splunk inc

Ticker(s): SPLK